Chai with Pabrai podcast

Fireside Chat with Jeff Pintar on Mohnish Pabrai's lifetime Blackjack ban at a Vegas Casino on May 21, 2020

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Jeff Pintar, CEO of Pintar Investment Company, and Mohnish Pabrai discuss what the world may look like post-Covid 19 and the current investment landscape. Jeff and Mohnish also have some banter about the lifetime ban Mohnish received in 2019 from playing Blackjack at a Las Vegas Casino due his winning system.

(00:00:00) - Introduction

(00:01:53) - Life after COVID

(00:03:24) - Policy decisions during the pandemic

(00:06:20) - Capitalism and businesses are fragile

(00:10:19) - My Investing Journey

(00:12:51) - Lifetime Blackjack Ban

(00:19:55) - Las Vegas

(00:22:56) - Value investing during the pandemic

(00:27:47) - Microsoft

(00:30:27) - Long term interest rates vs valuations

(00:32:06) - Buffett and Munger during the pandemic

(00:35:34) - Forget the macro, Focus on micro

(00:38:31) - Live Nation

(00:39:47) - Funeral services are great businesses

(00:43:12) - Zero Fee Structure

(00:47:41) - Investing is a solitary activity

(00:49:25) - The Dakshana story

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